Contacts:
Robert Skinner or Nicole Slein
Schwartz Communications, Inc.
nanocomp@schwartz-pr.com
(781) 684-0770

 
John Dorr
Nanocomp Technologies, Inc.
jdorr@nanocomptech.com
(603) 442-8992 ext. 104

Nanocomp Technologies Recognized by Presidential Report on Nanotechnology

President Obama’s Council of Advisors on Science and Technology highlights company’s carbon nanotube
materials as shining example of progress

CONCORD, N.H.— August 4, 2009 — Nanocomp Technologies, Inc., a developer of performance materials and component products from carbon nanotubes (CNTs), today announced that the company’s steady progress in commercializing nanotube materials was presented as a success case in the President’s Council of Advisors on Science and Technology’s (PCAST) “Report to the President and Congress on the Third Assessment of the National Nanotechnology Initiative (NNI).” The report delivered recommendations from leading academics and industry executives for maintaining the United States’ leadership position in nanotechnology research and commercialization.

The report specifically discussed Nanocomp’s light weight CNT wiring and body armor as a technology that has “matured beyond early stages of development and represents significant progress toward the goal of delivering commercially consequential technology.”

“This is a proud day for Nanocomp, and for the wider promise that nanotube technology brings to global defense and industry,” said Peter Antoinette, president and C.E.O. of Nanocomp Technologies. “From day one, our vision has been not only to provide a novel material technology that outperforms existing alternatives, but also to lay down a meaningful path to commercial delivery. As we turn our attention to scaling-up production, this recognition from the leaders of our nation is an incredible milestone.”

PCAST is comprised of the nation’s most prominent engineers from academia and industry to advise President Obama and the Office of Science and Technology Policy (OSTP). The NNI was established by the Clinton Administration as a government program to review research & development, education, health & safety, societal impact and commercialization of nanotechnology.

Nanocomp is the country’s only manufacturer of industry-ready pure carbon nanotube products. The company last year announced its capability to deliver 4-foot by 8-foot CNT mats, the only such products of their kind in the world.

About Nanocomp Technologies, Inc.

Nanocomp Technologies’, Inc. purpose is to leverage its proprietary and fundamental advancements in the production of long carbon nanotubes as well as its unique ability to fabricate them into physically strong, lightweight and electro-thermally conductive yarns and sheets. The company’s objective is to develop products with revolutionary performance benefits creating a new generation of energy saving advanced materials and electro-thermal devices. It has 16 patents pending and won The Wall Street Journal’s prestigious Technology Innovation Award in 2008. The company is headquartered in Concord, N.H. For additional information, please visit www.nanocomptech.com.

Nanocomp and the Nanocomp logo are trademarks of Nanocomp Technologies, Inc. All other marks are trademarks or registered trademarks of their respective holders.